IEG Policy is part of the Business Intelligence Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. Please do not redistribute without permission.

Printed By

UsernamePublicRestriction
UsernamePublicRestriction

Hellenic Sugar bids

The winning bid for the acquisition of an 82.33% stake in Hellenic Sugar Industry will be announced by the end of the month with bids from European companies under consideration. Nikos Marantos, the special liquidator appointed to deal with the sale informed the stock market on January 31, said the bank had received valid binding offers from four companies: Cristal Financiere SAS, part of the French group Cristal Union; Krajowa Spolka Cukrowa SA from Poland; Bulgarian firm Litex Commerce JSC; and Sunoko d.o.o. Novi Sad from Serbia. One of the clauses that the buyer will have to abide by is keeping the company’s jobs secure and its plants open. Hellenic Sugar Industry has three sugar factories in northern Greece in Plati, Serres and Orestiada, online news site Kathimerini reported. It holds majority stakes in two subsidiaries in Serbia ( AD Fabrica Secera Crvenka and AD Fabrica Sajkaska), of 80% and 92.32%, respectively. Informed sources said the French and Polish bids have the edge, with Cristal Financiere offering €103 million and Krajowa Spolka Cukrowa showing the greatest interest.

Topics

What to read next

UsernamePublicRestriction

Register

PL002818

Ask The Analyst

Please fill in the form below to send over your enquiry or check the Ask The Analyst Page to find out more about the service

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel